Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 2,732,546 shares traded hands during trading, a decline of 4% from the previous session's volume of 2,849,959 shares.The stock last traded at $1.17 and had previously closed at $1.10.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on PSNY. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $1.50 price objective on shares of Polestar Automotive Holding UK in a research note on Tuesday, September 10th. Cantor Fitzgerald reiterated an "overweight" rating and set a $3.00 target price on shares of Polestar Automotive Holding UK in a research report on Monday, September 30th. Finally, Bank of America assumed coverage on Polestar Automotive Holding UK in a report on Thursday, December 5th. They issued a "neutral" rating and a $1.25 price target for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $1.53.
Get Our Latest Research Report on Polestar Automotive Holding UK
Polestar Automotive Holding UK Price Performance
The business's 50-day simple moving average is $1.11 and its two-hundred day simple moving average is $1.11. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -2.14 and a beta of 1.53.
Institutional Investors Weigh In On Polestar Automotive Holding UK
Several hedge funds have recently modified their holdings of PSNY. Tredje AP fonden purchased a new stake in Polestar Automotive Holding UK during the 2nd quarter worth approximately $3,091,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Polestar Automotive Holding UK in the second quarter worth about $1,321,000. Geode Capital Management LLC increased its holdings in Polestar Automotive Holding UK by 444.0% in the third quarter. Geode Capital Management LLC now owns 854,999 shares of the company's stock valued at $1,471,000 after buying an additional 697,820 shares during the last quarter. Marshall Wace LLP acquired a new stake in Polestar Automotive Holding UK during the second quarter valued at approximately $407,000. Finally, Renaissance Technologies LLC bought a new position in Polestar Automotive Holding UK during the 2nd quarter worth approximately $266,000. 1.02% of the stock is currently owned by hedge funds and other institutional investors.
Polestar Automotive Holding UK Company Profile
(
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Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
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